Situated in eastern Pune, Mundhwa is a residential suburb surrounded by the IT centres in Hadapsar, Kharadi and Koregaon Park. Mainly office-goers looking for options close to their workplace prefer the locale. Besides, the Mundhwa Industrial Area also adds to the housing demand in this micro-market. Saachi Lamba, Proprietor, Upturn Realty, avers, "Mundhwa has a wide range of housing options from affordable to luxury segment. However, middle-class consumers form the majority of homebuyers who prefer 2 BHK homes. Ace builders who have launched housing projects in Mundhwa include Gera Developments, Puravankara, Oxford Group and Godrej Properties."
Pricing and returns
A 2 BHK apartment in Mundhwa could cost you between Rs 6,600 per sq ft and Rs 7,800 per sq ft and earn a rent of around Rs 19,000 per month. As per 99acres, this location has recorded a 25 percent growth in property values over the past five years. Ravi Agarwal, Owner, JK Real Estate, adds, "Property prices in Mundhwa are affordable by atleast 10 percent when compared to the rates in Kharadi, Magarpatta City and Koregaon Park. Moreover, as East Pune is witnessing an increase in population with the IT Parks expanding, Mundhwa has ample housing inventory for end users and investors."
Mundhwa is connected to the Mumbai-Nashik Highway, which gives it a locational edge. Rainbow Bus Rapid Transit System (BRTS) and Pune Mahanagar Parivahan Mahamandal Limited (PMPML) buses also ply here. The airport is located about six km away via the new Airport Road, and the railway station is approximately eight km away, linked through Ghorpadi Road.
A resident, while reviewing the locality on 99acres, shares, "Mundhwa is at the centre of Kharadi Hadapsar Bypass Road that ensures a quick ride to Viman Nagar, Kharadi, Magarpatta, Wadgaon Sheri, Sainath Nagar and Amanora Town Centre. However, there are vehicular traffic and occasional water shortage issues in the area. Also, the nearest metro station to Mundhwa is about 12 km away ."
The ongoing bridge extension project on the Mula-Mutha River will further improve the area’s connectivity to Kharadi. Besides, a 3.5 km elevated road project from Mundhwa to Kalyani Nagar is also on the cards.
Social conveniences near Mundhwa, Pune
|Commercial hubs||Educational facilities||Hospitals||Recreational options|
|Hadapsar Industrial Estate||St. Joseph Convent School||Columbia Asia Hospital||Inorbit Mall|
|Rajiv Gandhi Infotech Park||Little Millennium School||Ankur Multispeciality Hospital||Phoenix Market|
|Magarpatta City||Sarthi Vidya Mandir||Om Hospital||Seasons Mall|
|Mundhwa Industrial Area||Savitribai Phule Balvikas Mandir||Sai Hospital||Vascon Mariplex Mall|
|EON IT Park||The Orbis School||Noble Hospital, Hadapsar||Amanora Mall|
|Commerce Zone IT Park||Zilla Parishad Primary School||Vighneshwar Clinic|
|Cybercity IT Park||Mother Teresa School & Junior College||Pushpai Child Care|
The Maharashtra Water Supply and Pune Electricity Supply are the main utilities in the area. Overall, with large undeveloped land parcels still available, and several employment hubs in the vicinity, Mundhwa has emerged as a favoured investment destination for mid-segment buyers. The planned infrastructure projects will further boost the realty potential of the region as many Grade A developers are looking to build housing projects in the neighbourhood.